Ishmael's Corner ~ Storytelling Techniques For Business Communications

Helping Hand for Warren Buffet on Twitter

Everyone associates Warren Buffet with finance and being worth a gazillion dollars (give or take a zillion).

I think of Buffet as the consummate storyteller.

He turns self-deprecation into an art form with passages like this from his 2010 shareholders letter:

And now a painful confession: Last year your chairman closed the book on a very expensive business fiasco entirely of his own making.

For many years I had struggled to think of side products that we could offer our millions of loyal GEICO customers. Unfortunately, I finally succeeded, coming up with a brilliant insight that we should market our own credit card. I reasoned that GEICO policyholders were likely to be good credit risks and, assuming we offered an attractive card, would likely favor us with their business. We got business all right – but of the wrong type.

Our pre-tax losses from credit-card operations came to about $6.3 million before I finally woke up. We then sold our $98 million portfolio of troubled receivables for 55¢ on the dollar, losing an additional $44 million.

GEICO’s managers, it should be emphasized, were never enthusiastic about my idea. They warned me that instead of getting the cream of GEICO’s customers we would get the – – – – – well, let’s call it the non-cream. I subtly indicated that I was older and wiser.

I was just older.

Now, Mr. Buffet has joined Twitter.

Only two tweets since he went live on May 2 (as this goes to “press” on May 6).

Shifting his communications acuity into Twitter bursts is tough. I suspect no one interrupts him with, “Warren, quit pontificating and get to the point in 140 characters or less.”

And Carol Loomis isn’t exactly the right resource for guidance.

That’s OK.

I’m here to help.

Warren, the idea is to use this social platform to have some fun and engage with others. We want the world to know the man behind the money.

With this in mind, I’ve taken liberty of crafting 20 evergreen tweets for you to stockpile. Feel free to send them out at you see fit.


Note: Use Twitpic to attach this photo

Note: Use twitpic to attached this photo


Warren, let me know when you’re ready for that Pinterest account.

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